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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | Shamrock | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 10/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2016: Zinc of Ireland NL announces an Exploration/Drilling Update report for its Shamrock deposit at the Kildare project. Drilling results incl. 24.35m @ 8.9% Zn + Pb from 413.45m. Zinc of Ireland NL (“ZMI” or “the Company”) is pleased to announce t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Benjamin Sharp (Internal) | |
| ABSTRACT: | Zinc of Ireland NL (“ZMI” or “the Company”) is pleased to announce that assays have been received from the first four drill holes (ZB16-001 to ZB16-004) of the Phase 1 drilling campaign at the 100% owned Kildare Project in Ireland. Drilling has confirmed and extended historical mineralisation by intersecting several highgrade zones of thick sulphide breccia and zones of massive sulphide in ZB16-002 and ZB16- 004, ~30m below the Waulsortian Reef. ZB16-004 confirms the presence of this new zone of mineralisation for the Kildare MVT District, whilst ZB16-002 extends it by 120m to the east. ZMI’s Managing Director Peter van der Borgh commented “These thick, high grade zinc intersections represent a solid start to the Company’s operations at Kildare and confirm the presence of zinc mineralisation at four distinct stratigraphic horizons within our licence area. The tenure of mineralisation within the ‘sub-reef’ zone is particularly encouraging given that we can now correlate it at considerable width and grade for more than 150m. “In addition to their significance for the Shamrock Prospect, these results add scope to the wider Kildare MVT District and will feed back into our assessment of existing targets and those that we are developing at a conceptual level. Today’s announcement suggests a bright outlook for ZMI, and we’re eager to get back out there with the drill rig as soon as possible.” | |
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